Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis

The Aquillaria malaccensis (known as agar) produces agarwood which is used in perfumes, incense and medicines, and thus, can be extremely valuable. Excessive harvesting of agarwood has made this species threatened. Considering its conservation value and economic benefit BRAC has started agarwood...

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Main Authors:	Akter, Nasima, Neelim, Ananta Z
Format:	Research report
Language:	English
Published:	BRAC 2019
Subjects:	Plantation Tea estate Financial analysis BRAC
Online Access:	http://hdl.handle.net/10361/13196

id	10361-13196
record_format	dspace
spelling	10361-131962019-12-04T21:01:10Z Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis Akter, Nasima Neelim, Ananta Z Plantation Tea estate Financial analysis BRAC The Aquillaria malaccensis (known as agar) produces agarwood which is used in perfumes, incense and medicines, and thus, can be extremely valuable. Excessive harvesting of agarwood has made this species threatened. Considering its conservation value and economic benefit BRAC has started agarwood plantation at Kaiyachara Tea Estate from July. 2007. At Kaiychara tea estate, a plantation of about 17 acres has been created, where 83,400 agar seedlings have been planted between August and October 2007. In addition, 700,000 agar seedlings have been planted in two nurseries, namely 'Kaiya' and 'Sirgasia', at Kaiyachara tea estate. The survival rate of young seedlings was around 95%, which can be considered impressive. The habitat provided by the environment in the tea estate, along with the microclimatic and soil condition in that area is favourable for growing agar plants. Initially, the BRAC tea estate plans to plant 50 acres of land with agar plant, after which agarwood harvesting would take place after 12 years. Assuming 90% survival rate and 2 kg premium quality agarwood production per plant the estimated investment related to plantation would be Tk. 145,497,198 and total return would be Tk. 60,907,155,348 with the rate of return 41.861%. However, this high rate of return is an underestimate given the environmental benefits of this plantation would generate. The establishment of this plantation would also be significant in terms of the environmental conservation of this endangered species, as well as provide a carbon sink to reduce green house gases. Furthermore, there are potential opportunities that would arise in the future for improving the livelihoods of poor people in the region by providing income generating means. This report was prepared after field investigation and laboratory analysis and contains suggestions regarding proper management of the plantation as well as further research. 2019-12-04T09:34:02Z 2019-12-04T09:34:02Z 2008-06 Research report Akter, N., & Neelim, A. Z. (2008, June). Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis. Research Reports (2008): Economic Studies, Vol - XXVI, 1–23. http://hdl.handle.net/10361/13196 en application/pdf BRAC
institution	Brac University
collection	Institutional Repository
language	English
topic	Plantation Tea estate Financial analysis BRAC
spellingShingle	Plantation Tea estate Financial analysis BRAC Akter, Nasima Neelim, Ananta Z Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis
description	The Aquillaria malaccensis (known as agar) produces agarwood which is used in perfumes, incense and medicines, and thus, can be extremely valuable. Excessive harvesting of agarwood has made this species threatened. Considering its conservation value and economic benefit BRAC has started agarwood plantation at Kaiyachara Tea Estate from July. 2007. At Kaiychara tea estate, a plantation of about 17 acres has been created, where 83,400 agar seedlings have been planted between August and October 2007. In addition, 700,000 agar seedlings have been planted in two nurseries, namely 'Kaiya' and 'Sirgasia', at Kaiyachara tea estate. The survival rate of young seedlings was around 95%, which can be considered impressive. The habitat provided by the environment in the tea estate, along with the microclimatic and soil condition in that area is favourable for growing agar plants. Initially, the BRAC tea estate plans to plant 50 acres of land with agar plant, after which agarwood harvesting would take place after 12 years. Assuming 90% survival rate and 2 kg premium quality agarwood production per plant the estimated investment related to plantation would be Tk. 145,497,198 and total return would be Tk. 60,907,155,348 with the rate of return 41.861%. However, this high rate of return is an underestimate given the environmental benefits of this plantation would generate. The establishment of this plantation would also be significant in terms of the environmental conservation of this endangered species, as well as provide a carbon sink to reduce green house gases. Furthermore, there are potential opportunities that would arise in the future for improving the livelihoods of poor people in the region by providing income generating means. This report was prepared after field investigation and laboratory analysis and contains suggestions regarding proper management of the plantation as well as further research.
format	Research report
author	Akter, Nasima Neelim, Ananta Z
author_facet	Akter, Nasima Neelim, Ananta Z
author_sort	Akter, Nasima
title	Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis
title_short	Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis
title_full	Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis
title_fullStr	Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis
title_full_unstemmed	Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis
title_sort	agarwood plantation at brac tea estate: introduction, environmental factors and financial analysis
publisher	BRAC
publishDate	2019
url	http://hdl.handle.net/10361/13196
work_keys_str_mv	AT akternasima agarwoodplantationatbracteaestateintroductionenvironmentalfactorsandfinancialanalysis AT neelimanantaz agarwoodplantationatbracteaestateintroductionenvironmentalfactorsandfinancialanalysis
_version_	1814308133202296832

Agarwood plantation at BRAC tea estate: introduction, environmental factors and financial analysis

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